ENGIE Announces Multi-Energy Market Agreement With Walmart
October 22, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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ENGIE US Wind announced today with Walmart, "an innovative agreement that utilizes two virtual renewable power purchase agreements (VPPAs) to enable building more than 366 MW of wind projects in different US energy markets, all under a single procurement process[.]"
Walmart is purchasing 166 MW from ENGIE’s Prairie Hill project in Texas and 200 MW from ENGIE’s King Plains project in Oklahoma, with construction on both sites underway. The energy produced annually matches to portions of electricity load in Walmart stores, Sam’s Clubs, and distribution centers throughout parts of the ERCOT and Southwest Power Pool markets.
This deal complements Walmart’s existing VPPA with ENGIE for 150 MW at the Triple H wind project in South Dakota, where construction is also underway. Combined with the existing Triple H deal, the new Prairie Hill and King Plains deals bring Walmart and ENGIE’s collaboration to more than 500 MW of wind power in the US market. Triple H, Prairie Hill and King Plains are part of the portfolio acquired in early 2018 by a subsidiary of ENGIE North America from Infinity Power Holdings, a joint venture between Infinity Renewables and MAP Energy.
ENGIE plans to add 9 GW of renewables capacity to the Group portfolio (2.5 GW in the US) by 2021 (24 GW at the end of 2018).